For Sale

16 Werambie Street, Toormina, NSW, 2452

$1,695,000

8
4
5
898 m²

BlockOfUnits

•

30+ days on the market

What's around 16 Werambie Street

FOUR UNITS. ONE OUTSTANDING INVESTMENT OPPORTUNITY.

An exceptional opportunity for savvy investors - acquire all four units within one well-positioned complex and secure a diversified residential income stream from day one. Offering four separate 2-bedroom units, this tightly held investment provides the rare combination of multiple rental incomes, low vacancy risk through diversification, north-facing living, private outdoor spaces and car accommodation. The numbers that matter: 4 x 2-bedroom units 4 x bathrooms with internal laundry & bathtub 4 x carports plus a additional visitors car space No Strata Combined rental income: $91,780pa (approx.) Gross approximate yield 5.3% FOUR UNITS - FOUR INCOME STREAMS Unit 1 - Ground Floor Neat and tidy, north-facing ground-floor unit featuring a private courtyard. Current rent: $410pw Unit 2 - Ground Floor Well-positioned ground-floor unit with a sunroom and private north-facing courtyard. Current rent: $450pw Unit 3 - Top Floor Neat and tidy top-floor residence enjoying a north-facing balcony. Current rent: $435pw Unit 4 - Top Floor Freshly enhanced with a new kitchen and new paint, this top-floor unit also enjoys a north-facing balcony. Current rent: $470pw Combined rental income: $91,780pa (approx.) - Rare Investment Opportunity - Secure all four units within one well-positioned complex, offering a diversified residential investment with four separate income streams. - Strong Rental Return - Combined rental income of approximately $91,780 per annum, delivering an attractive gross yield of around 5.3%. - Four Self-Contained Residences - Each unit features two bedrooms, a bathroom, internal laundry and bathtub, appealing to a broad range of tenants. - No Strata Fees - Enjoy greater control over the property and avoid ongoing strata levies. - North-Facing Living & Outdoor Appeal - All four units benefit from desirable north-facing aspects, with private courtyards, a sunroom or balconies. - Excellent Tenant Convenience - Four dedicated carports plus an additional visitor parking space, with Unit 4 further enhanced by a new kitchen and fresh paint. Land Size: 898m2 (approx.) - Rates: $10,265pa (approx.)

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